CA Foundation Syllabus and Subject June 2024 Exams

CA Foundation Syllabus 2022- Subjects, Marks and Weightage

ICAI has released the CA Foundation 2024 Syllabus for June, September, and January Exams. Before appearing in the CA exam, students must know the objective of the subject and what topics and Subtopics they are going to study. Students can scroll down to learn the complete CA foundation syllabus and exam details.

Below, we will share with you all the latest updates on CA Exam Pattern 2024, CA Foundation Marking Scheme, Subjects in the CA Foundation Course, CA Foundation Preparation Tips of CA subjects 2024, and CA Foundation Marks Weightage.

Read the article below to get a detailed overview of the CA Foundation Syllabus 2024 and CA Foundation Subjects 2024.

CA Foundation Syllabus 2024 pdf download   Download PDF

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We are providing you with a complete ICAI CA Foundation syllabus 2024 under separate heads for ease of your understanding. The CA foundation syllabus under the new CA scheme is applicable from the May 2024 exams. You can also download the previous year’s CA Foundation Question Papers, MTPs and RTPs from CA Wizard. Below, we have provided you with the syllabus of the CA Foundation 2024 PDF link.

Also, Check the Complete CA Course Guide and CA Salary in India.

Paper – 1: Accounts

S.No.ChapterUnits
1Theoretical FrameworkMeaning and Scope of Accounting
Accounting Concepts, Principles and Conventions
Capital and Revenue Expenditures and Receipts
Contingent Assets and Contingent Liabilities
Accounting Policies
Accounting as a Measurement Discipline – Valuation Principles, Accounting Estimates
Accounting Standards
2Accounting ProcessBasic Accounting Procedures – Journal entries
Ledgers
Trial Balance
Subsidiary Books
Cash Book
Rectification of Errors
3Bank Reconciliation Statement
4Inventories
5Depreciation and Amortisation
6Bills of Exchange and Promissory Notes
7Preparation of Final Accounts of Sole ProprietorsFinal Accounts of Non-Manufacturing Entities
Final Accounts of Manufacturing Entities
8Financial Statements of Not-for-Profit Organisations
9Accounts from Incomplete Records
10Partnership and LLP AccountsIntroduction to Partnership Accounts
Treatment of Goodwill in Partnership Accounts
Admission of a New Partner
Retirement of a Partner
Death of a Partner
Dissolution of Partnership Firms and LLPs
11Company AccountsIntroduction to Company Accounts
Issue, Forfeiture and Re-Issue of Shares
Issue of Debentures
Accounting for Bonus Issue and Right Issue
Redemption of Preference Shares
Redemption of Debentures

Also, Know How to Become CA in India

Paper – 2: Business Laws

S.No.ChapterUnits
1Indian Regulatory Framework
2The Indian Contract Act, 1872Nature of Contracts
Consideration
Other Essential Elements of a Contract
Performance of Contract
Breach of Contract and its Remedies
Contingent and Quasi Contracts
Contract of Indemnity and Guarantee
Bailment and Pledge
Agency
3The Sale of Goods Act, 1930Formation of the Contract of Sale
Conditions & Warranties
Transfer of Ownership and Delivery of Goods
Unpaid Seller
4The Indian Partnership Act, 1932General Nature of Partnership
Relations of Partners
Registration and Dissolution of a Firm
5The Limited Liability Partnership Act, 2008
6The Companies Act, 2013
7The Negotiable Instruments Act, 1881

Also Read: Check the Latest CA Course Fees in India.

Paper – 3: Quantitative Aptitude

S.No.PartsChapterUnits
1Part-A: Business MathematicsRatio and Proportion, Indices, Logarithm
Equations
Linear Inequalities
Mathematics of Finance
Basic Concepts of Permutations and Combinations
Sequence and Series – Arithmetic and Geometric Progressions
Sets, Relations and Functions, Basics of Limits and Continuity functions
2Chapter 8: Basic Applications of Differential and Integral Calculus in Business and EconomicsDifferential Calculus
Integral Calculus
3Part-B: Logical ReasoningNumber Series, Coding and Decoding and Odd Man Out
Direction Tests
Seating Arrangements
Blood Relations
4Part-C: StatisticsChapter 13Statistical Representation of Data
Sampling
Measures of Central Tendency and DispersionMeasures of Central Tendency
Dispersion
Probability
Theoretical Distributions
Correlation and Regression
Index Numbers

Paper – 4: Business Economics

S.No.ChapterUnits
1Nature & Scope of Business EconomicsIntroduction
Basic Problems of an Economy & Role of Price Mechanism
2Theory of Demand and SupplyLaw of Demand and Elasticity of Demand
Theory of Consumer Behaviour
Supply
3Theory of Production and CostTheory of Production
Theory of Cost
4Price Determination in Different MarketsMeaning and Types of Markets
Determination of Prices
Price Output Determination under Different Market Forms
5Business Cycles
6Determination of National IncomeNational Income Accounting
The Keynesian Theory of Determination of National Income
7Public FinanceFiscal Functions: An Overview, Centre and State Finance
Market Failure/ Government intervention to correct Market Failure
The Process of Budget Making: Sources of Revenue, Expenditure Management and Management of Public Debt
Fiscal Policy
8Money MarketThe Concept of Money Demand: Important Theories
The Concept of Money Supply
Monetary Policy
9International TradeTheories of International Trade
The Instruments of Trade Policy
Trade Negotiations
Exchange Rate and Its Economic Effects
International Capital Movements
10Indian Economy

CA Foundation Exam Books

Here are some most preof the ferred CA foundation books by CA foundation toppers that will cover your whole CA foundation syllabus and help you for bettearninglearncs.

Principles And Practice Of Accounting

  • Fundamentals of Accounting for CA – CPT  by P.C Tulsian and Bharat Tulsian
  • CPT Grewal’s Accountancy by M.P Gupta & B.M Aggarwal
  • Fundamentals of Accounting by D.G Sharma
  • Padhuka Basics of Accounting for CA CPT by G. Sekar & B. Saravana Prasath
  • General Economics by S.K. Agarwal

Quantitative Aptitude

  • Quantitative Aptitude by Dr. T. Padma and K.C.P Rao
  • Padhuka’s Practical Guide On Quantitative Aptitude For CA CPT by G.Sekar and Saravana Prasath
  • Quantitative Aptitude for CPT: mathematics and Statistics by Tulsian P. C. and  Jhujhunwala Bharat
  • Quantitative Aptitude Mathematics With Short Tricks By CA Rajesh Jogani

Mercantile Law

  • Mercantile Laws for CA CPT by P C Tulsian
  • S Chand Mercantile Laws for CA CPT by P P S GOGNA
  • Mercantile Law by M.C.Kuchhal and Vivek Kucchal
  • Padhuka’s MCQ Bank by G Sekar and B Sarvana Prasath

Other Reference Books

  • Question Bank with Model Test Papers for CA – Common Proficiency Test (CPT) – Accounting, Mercantile Laws, General Economics & Quantitative Aptitude by R C Bhatt
  • Quantitative Aptitude – P. N. Arora
  • General Economics by PM Salwan & Pranjal B Deshpande by Taxmann

Also, Check out the CMA Foundation Course


CA Foundation Paper Pattern 2024

ICAI conducts the CA Foundation Examination. CA Foundation Syllabus is divided into 4 subjects. CA Foundation paper pattern consists of 4 papers conducted by the ICAI of 100 marks each. The  CA Foundation Paper pattern is objective and subjective type. There is also a negative marking for subjective-type questions. ICAI Conducts the CA Foundation Examination in both English and Hindi Medium.

Appearing students have to score 40% mark in each subject along with a 50% aggregate score to qualify for the CA Intermediate/IPCC examination.

Also Read: Download the latest CA Foundation Scanner May 2024 Examination. 

Below is the Latest ICAI CA Foundation Paper pattern 2024 examination.

Exam Mode Offline
Exam Medium English or Hindi
(English compulsory for Section B of Paper 2)
Type of questions Paper 1 and 2- Subjective/ Long answer type
Paper 3 and 4- Objective
Maximum marks 400 (100 per paper)
Negative marking Paper 3 and 4: -1/4th mark for every wrong answer to the objective questions
Passing criteria 40% marks per paper
50% marks overall

After the CA CPT examination, the ICAI changed the subjects extensively for the CA Foundation Examination.

The first paper in CA Foundation is Principles and Practices of Accounting ( CA Foundation Accounts), which is replacing Fundamentals of Accounting, and the second paper is Business Laws and Business Correspondence and Reporting, in which a new subject, General English, has been added. The above two papers are subjective in the  CA Foundation exams. However, the third paper is on Business Mathematics, Logical Reasoning and Statistics, and paper four is about Business Economics and Business and Commercial Knowledge, in which Business and Commercial Knowledge has been newly added.  The last-second papers are objective, the same as earlier.

We can understand this in a better way through the mode and format given below:-

Also Check: Download the latest CA Foundation Admit Card 2024.

Follow the CA Foundation Preparation Strategy to score ranking marks in the examination.

CA Foundation Subjects 2024

Below are all the subjects of the CA Foundation Examination. Students should know all the CA Foundation subjects at the time of filling out the CA Foundation registration form.

  1. Principles and practices of Accounting(100 Marks)
  2. Business Laws and Business Correspondence and Reporting  (100 Marks)
    • Business Laws (60 Marks)
    • Business Correspondence and Reporting (40 Marks)
  3. Business Mathematics and Logical Reasoning and Statistics. (100 Marks)
    • Business Mathematics(40 Marks) and Logical Reasoning (20 Marks)
    • Statistics (40 Marks)
  4. Business Economics and Business and Commercial Knowledge (100 Marks)
    • Business Economics(60 Marks)
    • Business and Commercial Knowledge (40 Marks)

Also Read: How to Clear CA Foundation Like Toppers.


ICAI CA Foundation Marking Scheme 2024

Below are the CA Foundation subjects with marks weightage. Some of the CA Foundation subjects are divided into two parts, so the student must know about all CA Foundation subjects with marks weightage.

Papers CA Foundation Subjects Weightage
Paper 1 Principles and Practices of Accounting 100 Marks
Paper 2 Business Laws and Business Correspondence and reporting
1. Business Laws
2. Business Correspondence and Reporting
60 Marks
40 Marks
Paper 3 Business Mathematics and Logical Reasoning and Statistics.
1. Business Mathematics
2. Logical Reasoning
3. Statistics
40 Marks
20 Marks
40 Marks
Paper 4 Business Economics and Business and Commercial Knowledge 100 marks

Important Points to Remember for the CA Foundation Examination

The ICAI is responsible for conducting the CA Foundation Examination. There are a total of four subjects in the CA Foundation. The Examination is conducted twice a year, in May and December. The Next attempt will be the May 2024 examination. The Paper pattern is subjective and objective. There is a negative marking in the CA Foundation objective section.

CA Foundation is the first milestone for class 12th students. Students should know every detail about the CA Foundation examination. After successful registration, students can check the CA Foundation Syllabus and Subject. Students must know the proper CA examination pattern and marking scheme before appearing in the examination.

Since CA Foundation is the first stage, it is advisable that you choose the best CA Foundation Coaching institute. For those who are facing difficulty and do not find a good CA Coaching institute in their locality, they can choose the best CA Foundation Online Classes or CA Foundation Pendrive Classes which will help them to score well in the examination.

It is advisable that the student complete their CA Foundation syllabus and CA Foundation study material within the time period before the examination so that they can give time to CA Foundation’s previous year’s question paper and CA Foundation Mock Test Paper.

Also, Read Sure Success Tips to Clear CA Foundation Without Coaching.


ICAI CA Foundation Preparation Tips

The CA Foundation preparation tips for the upcoming exam in May 2024 are as follows:

  • Prepare a Time-Table: The first step before starting studies is to prepare a timetable or set a CA Foundation study plan. It should be effective, but more importantly, it should be feasible. An effective CA Foundation timetable, according to the CA Foundation Date sheet/timetable 2024, is helpful in keeping a check on the progress and speed.
  •  Mshorthort notes: Handwritten notes within learning. These short notes can be used for quick revision during exams.
  • Practice maths daily: Regular maths practice is recommended for better calculation speed to perform well in the exams.
  •  Focus on Logical Reasoning and Statistics: Non-Commerce Maths students should focus on these subjects if they are not able to score well in maths.
  • Mock Test: Regular mock tests are essential for mistake analysis and help students prepare better for the main examination. They also give students an idea of how to approach final exams.
  • Study regularly: Don’t wait till the end to prepare. Study regularly to increase your speed and complete the course on time. Students can also join Chartered Accountant Online Classes which will also help them to score well in the examination.

Frequently Asked Question

Q1. What are the CA Foundation subjects? How many are there?

Ans: CA Foundation comprises 4 subjects-

  • Paper 1: Accounting
  • Paper 2: Business Laws
  • Paper 3: Quantitative Aptitude
  • Paper 4: Business Economics

Q2. What are the passing marks for the new CA Foundation?

Ans: To pass, candidates need to score 40% in each subject and 50% in aggregate of all subjects.

Q3. Does CA Foundation have negative marking?

Ans: There is a negative marking of 0.25mark for each incorrect response in objective questions (paper 3 and 4)

Q4. Is the calculator allowed in the CA Foundation exam?

Ans: Yes. Candidates can use calculators in the exam hall except for scientific calculators and the one with more than 6 functions, 12 digits, and two memories only.

Q5. How many hours of study is required for the CA Foundation Examination?

Ans: Student should divide their subjective and objective study hours separately and should give at least 8  hours of study period daily.

Q6. How many attempts are allowed in the CA foundation?

Ans: Your CA foundation registration is valid until 3 years. So a candidate can give 6 attempts before he has to register again.

  • NOTE Students are expected to read at least one financial newspaper and one business magazine on a regular basis. They may also watch a business channel to remain updated about the developments related to the commercial world.

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